DISCOVER IT APPROVAL BUT LOW SL

[SFLSpotter9210]

Ok when did you acquire all those new accounts after your credit one in 18 summer? That maybe the reason for the low SL. Your Transunion score looks good though.

[Anonymous]

@M_Smart007 I was goin to hit the garden for at least 7 mths and try for some CLI. Wanted to add an amex to the collection before i did so......no luck there. To the garden I go

[SFLSpotter9210]

Yeah it appears to me you have reached your limit. May want to garden for awhile and wait for some of those inquiries to drop off. Did you check Amex prequel first?

[M_Smart007]

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@Anonymous wrote:

My scores from myfico are

Ex= 673

Trans= 729

Ex= 665

util= 19%

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So in looking at your other post

Inquires in last 12mths

Eq= 15

Trans= 12

Ex= 17

Accounts in Last 24mth= 19 6mths= 8

Car Loan= 1

Installment Loans= 5

CC= 10, 1 sececured(opensky)(which is my oldest of 2 yrs) 2 A

You may want to stop applying for more credit, as the limits tend to get lower then the denials start.

research "Gardening" on the Forum and what it means. I think it would help you

[Anonymous]

@SFLSpotter9210. Basically from May 18 till now, Chase Fu started at 3k and went up at the 1 year mark to 7k. My CSP started at 13.5k and at the 6 mth mark went up to 17.8k. Found myself on the BBT site and got approved thru the sp approvals for 2 cards back in June.

[KingPredator]

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@Anonymous wrote:

I finally got in the door with Discover. I bank with chase which i have my biggest limits with so I thought Discover would come in with a larger SL. Bummed out but glad to be in with Discover since I have been reading here about the SP for CLI. My question to the forum is should I be concerned with the low SL(being bucketed) or is this a routine thing for discover. 

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Congrats on the approval. I’m sure it will grow. I got mine less then a year ago with a 5k SL and its up to 17.5k limit currently. Increases for me have been every 3 months, first one being 2500 and the other 2 5k each. Hope this helps a little bit.

[SFLSpotter9210]

Chase is a premium bank and also I hear very conservative too. Be careful how you manage your profile I hear they may CLD if spooked. Good luck nonetheless.

[CreditInspired]

Congrats OP on your approval. 

I do not think $1K SL is bucketed per se but you do have a lot of CCs and inquiries under your belt. IMHO, I think you should garden until some of those HPs drop off.

[Anonymous]

Was gonna garden for at least 6-7mths maybe a year and only focus on soft pull Cli but we all know how hard it is to stay in the garden since i see that so much on here

[crys12065]

Congrats on your approval!!! Discover is one of my favorite cards.  

I got mine in December with a $1K SL too and was afraid of the same thing. But I have since had 2 CLI's and I am up to $3K already so I wouldn't worry about it, It will grow 😊